As of today March 18th 2009, I have decided to start to share some of my thoughts on certain topics. Yes, I am a man in his 30's in Southern NH. (Conservative Part of the country) and I am going to share some thoughts and opinions with you.
The first topic of discussion.... AIG... Liddy was under fire today for allowing 163 Million in fund get paid out in for Executive Bonuses sighting that he believed that the retention bonuses at the financial products division were necessary, so that competition would not take AIG's best minds away.
Am I so glad that I am not the only person whom was outraged by the bonuses being given out after they have dipped into the TARP honey pot more than 3 times at the tune of $182 Billion dollars in tax payers revenues. But lets add insult to injury Mr Liddy. You asked for anyone who got over 100K to give back half. HALF! What is HALF! This should have been stopped. PERIOD! He states he was outraged that the bonuses were paid, But I did know about them in October. What I want to know.... How much did Mr. Liddy get?!?!?!
I want to share a thought, We are dumping Billions and soon Trillions into these companies that bleed the American people so 70 to 100 people can compete to be the wealthiest people in the world. What do I think we should do... SBA , SBA, SBA! I think a chunk of this money (Even the bonuses for AIG or Just the bonuses from AIG) should be given to SBA and other organizations that foster American small business. I also think that we should be investing in a rich and fertile job market.
Whats really wrong here. DEREGULATION is what is wrong. We need to regulate banks, credit, health care, and yes.... even labor levels and labor forces. Want to be even more annoyed. How many call center jobs or Accounts Receivables jobs did they (and other companies, I will loosen up on AIG now) Ship over to India or some other third world country in the past 5 years. Taking jobs away from the American people does not allow the American people to put back into the economy. Cheap Labor and have your bonuses whacked through taxes is how it should be, or do the admirable thing and bring jobs home and sleep well knowing your a good guy.
We don't have a financial problem in this country because the credit collapsed. We have a financial problem in this country because greedy CEO's wanted more and sent jobs to third world countries because they were a dime a dozen for employee's. We tried to cover by DE-regulating credit and allowing companies (AIG, BofA) to continue to sell bad notes to the American people that could not cover. Is it capitalism, SURE IS! Is it destroying America! Sure is! Capitalism ends when greed gets involved.
Mr Liddy, you need to choke up and not allow these things to happen. Mr Obama, I feel you are on a great path but involve more jobs.
Wednesday, March 18, 2009
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